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To: 2ndDivisionVet
I cant find the exact date but it looks like the 1099 junk will have to be reported in 2013, covering the 2012 tax year. Repeal of it is still in work as recent attempts have failed.
8 posted on 09/27/2010 9:04:26 PM PDT by Hillarys Gate Cult
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To: Hillarys Gate Cult; 2ndDivisionVet
I cant find the exact date but it looks like the 1099 junk will have to be reported in 2013, covering the 2012 tax year. Repeal of it is still in work as recent attempts have failed.

Correct.

Under 'SEC. 9006. EXPANSION OF INFORMATION REPORTING REQUIREMENTS', (c) EFFECTIVE DATE.—The amendments made by this section shall apply to payments made after December 31, 2011.
23 posted on 09/28/2010 5:04:46 AM PDT by algernonpj (He who pays the piper . . .)
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